A NSW magistrate has dismissed apprehended domestic violence proceedings against celebrity accountant Anthony Bell, claiming there was not enough evidence to support any permanent order.

In handing down his decision, NSW magistrate Robert Williams acknowledged Bell engaged in intimidating actions against his estranged wife Kelly Landry, but that he was not satisfied the evidence supported an AVO or any other order.

Bell has been engaged in a bitter and public legal battle with Kelly Landy since January when she triggered an AVO after voicing two incidents of alleged domestic abuse against Bell with NSW police.

Landry claimed one of the alleged assaults took place at the couple's Watson's Bay home on November 18 last year, while she alleged the other occurred at the couple's former Bondi home in 2012.

Williams, who took more than an hour to read out his decision, said it is clear there is "a lack of conclusive evidence" about what occurred. He also noted a number of inconsistencies with both Bell and Landry's statements about the extent of which alleged incidents of abuse occurred.

Kelly Landry and Anthony Bell. (AAP) ()

He said based on the evidence presented to the court based on the balance of probabilities he was not satisfied the alleged incident in February 2012 took place.

He said what was clear was that "difficulties" had arisen between Bell and Landry which had "been in existence for some time". He said a lot of issues had been raised in the proceedings.

He noted the airing of the secret video and audio recordings, in which one housed the screams of one of the couple's children, were "chilling sounds".

Williams noted Landry's evidence about an alleged incident of abuse on November 18, which included photos of her bruised arm as well as a number of statements from doctors, was compelling.

He said it was clear from the evidence that Landry sought advice from a therapist after fearing for the mental health of her eldest daughter.

Erin Molan aboard Bell's yacht. (AAP) ()

However, he said it wasn't enough to determine Bell was "abusive" or "controlling" under the legal definition required for an AVO.

"It is clear on the evidence that the parties separated... the parties have lived separately and apart," he said, before adding that the interim AVO against Bell had been in place, without breach, since January.

He also noted that the couple are involved in divorce proceedings and that there appears to be no issues with Bell having access to the couple's two children.

"There appears to be little or no opportunity of future incidents," he said, before dismissing the application against Bell.

During the sometimes intense trial earlier this month, Bell's legal gun Ian Temby, QC, alleged the brutal public unravelling of the couple's personal lives was due to the financial desire of a jealous wife stuck in an unhappy marriage.

He claimed the model-turned-television presenter embellished two incidents of domestic abuse and lied to police and medical professionals about her injuries to trap Bell into agreeing to part with a slice of his fortune in divorce proceedings.

In his decision, Williams said these allegations were not relevant to the bases for the AVO proceedings.

Ms Landry during the couple's wedding (Image: A Current Affair) ()

The high-profile battle between the couple would also see a number of their friends caught in the crossfire.

Nine Network presenter Erin Molan was spectacularly dragged into the bitter feud with the airing of a text message sent by Landry to Bell which read in part: "I know about Erin".

The fall-out for Molan over those four words was felt so sharply by the bubbly Footy Show co-host that it would leave her fighting back tears live on air while declaring there was "not one iota of truth" to allegations she had an inappropriate relationship with Bell.

If that wasn't enough, Molan's fiancé detective Sean Ogilvy would also be caught up in the case. He was publicly accused of exploiting his high-ranking police status and breaking police policy to add greater "credibility" to evidence for his friend Bell.

Landry has since spoken about her estranged husband's relationship with Molan, saying she has "no issues" with the presenter.

In his closing argument, Temby surmised "the evidence" clearly shows Landry is "not a person in need of protection" as he said she claimed the NSW police had overreacted in issuing the AVO against her husband. He said Landry no longer had any reason "to fear" Bell particularly as he voluntarily left the relationship and the family home in December last year. He called on Mr Williams to dismiss the AVO order.

Photographs which Ms Landry claims show the injuries inflicted upon her (Image: A Current Affair) ()

In her closing statement, Landry's council Laura Nightingale objected to Temby's suggestion her client no longer should be afraid of Bell.

"There is evidence before the court that stated that she was still in fact fearful of the defendant," she said.

She called on Williams to focus solely on Landry's evidence in the case - the recordings and photos showing injuries. She stressed the point that "no other parties" other than her client and Bell were present when the incidents of abuse took place.

"I would ask you to accept that on the balance of probability that due to (Landry's) heart condition and health concerns she did monitor her alcohol intake and for those purposes the evidence about... from (Ms Karoglan) is completely a fabrication of her conduct," she said.

Bell and Landry met in 2010 and married in 2011 after a whirlwind romance.